Police catch 808 in major Internet financial fraud case

image_pdfimage_print

Police in central China’s Hubei Province have raided an Internet fraud gang and detained 808 members, making it the largest online financial fraud group uncovered in China.

The public security bureau in Wuhan, Hubei’s capital, said on Tuesday that the group used both telecommunication networks and illegal Internet finance websites to attract investors to its stock and futures schemes.

Its 800-plus members worked in office buildings pretending to be securities clerks.

In a coordinated operation, more than 1,000 police officers raided the gang’s 10 sites in Wuhan, seizing evidence of fraud, including 800 computers, 2,000 mobile phones and 3,000 bank cards.

The police investigation found that the gang started setting up a number of firms in 2015 and recruited professionals to provide securities analysis and consulting services on financial products including stocks, futures, precious metals and foreign exchange trading.

The exact amount of funds involved is unknown at this time as the investigation is still under way.

News story: Robotics and AI: apply in the Industrial Strategy Challenge Fund

image_pdfimage_print

Innovate UK is making the funding available for robotics and artificial intelligence technologies in applications such as deep mining, nuclear energy, space and off-shore energy.

This is an Industrial Strategy Challenge Fund activity. It aims to develop robotics technologies that can take people out of dangerous work environments and go beyond human limits.

Demonstrator programme

There is up to £6 million available for projects that stimulate the development of robotics and artificial intelligence demonstrators.

This is the first phase of the competition. Projects should focus on technical feasibility studies of individual technologies, systems or subsystems in extreme or challenging environments.

Phase 2 will run in 2018. This will focus on experimental developments of fully-integrated systems that will be tested and demonstrated in realistic, extreme environments. To be considered to lead a project in phase 2 you must apply in phase 1.

Collaborative research and development

You can apply for a share of £10 million for collaborative research and development (R&D) that results in new and novel systems.

Projects should demonstrate a potential step-change in capabilities. Examples include:

  • innovative materials or systems, for example, actuators, sensors and telecommunications
  • improved robotic capabilities, such as structural and radiation tolerance
  • improved machine vision systems
  • improved situational awareness, navigation, localisation and mapping
  • more energy-efficient devices and systems
  • miniaturised systems, for example, sensors, components and integrated sub-systems
  • systems engineering including verification and validation tools and methodologies
  • mission planning and risk management

The focus is primarily on off-shore energy, nuclear energy, space and deep mining, however, other extreme and challenging environments may also be considered. We are particularly interested in projects that cut across sectors.

Part of the Industrial Strategy Challenge Fund

Robots for a Safer World – part of the Industrial Strategy Challenge Fund

The robots and artificial intelligence challenge is part of the Industrial Strategy Challenge Fund.

By developing new technologies and systems that can be deployed in extreme environments, this challenge will create a safer working world for people, as well as supporting advances in industry and public services to make them more productive.

Government will invest £93 million in this challenge area over the next 4 years.

Competition information

  • both competitions are now open for applications
  • in the demonstrator competition, projects should last up to 12 months and range in size up to total project costs of £500,000. The competition closes on 19 July 2017
  • in the collaborative R&D competition, projects should last up to 36 months and range in size up to total project costs of £2 million. The competition closes on 2 August 2017
  • all projects must be led by a business
  • businesses can attract up to 70% of their project costs